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Shares of Sirius XM Radio (SIRI) have had a nice little run, supposedly helped in part by the...

Shares of Sirius XM Radio (SIRI) have had a nice little run, supposedly helped in part by the expectation that Liberty Media (LMCA) will jam a bigger buyback program down its throat after grabbing control of the company. Though it's a common take on the Street, it doesn't quite make sense to Jeff Sica of Sica Wealth Management. "Investors anticipating that Liberty will just sweep in and unlock the value of the company and generate share appreciation are a little bit premature."
Comments (2)
  • The value will be unlocked when Liberty wants it to. However the value will be recognized when Liberty has all its ducks in a row, not before...
    24 Aug 2012, 08:29 AM Reply Like
  • Is Malone being greedy? This writer thinks so-----the big question is will Siri be better off with Malone and his holding company, nothing more than a mutual fund in control? Karmazin doing fantastic. jmho

     

    "Karmazin has been adamant about obtaining a premium for Sirius XM's shareholders in any deal with Liberty. For his part, Malone told Reuters in July that any deal premium should go to him as the controlling shareholder."
    (According to the article cited in this SA Market Current)..
    24 Aug 2012, 11:23 AM Reply Like
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